A federal tax fund will be helping Cold Lake get its roads back in shape. The Gas Tax fund is funded by the taxes on fuel sales in the country. Around $229.5 million dollars of the tax will end up back in Alberta communities for use on projects meeting certain guidelines.
Cold Lake is due to receive around $825,000 in funds. Mayor Craig Copeland says the money has been earmarked for finishing up roadway projects in the city.
“The city of Cold Lake does a couple of million dollars a year in road repair. For example, the Highway 28 project that just got finished up is where we will use some of this money.”
Alberta Minister of Municipal Affairs Shaye Anderson says the fund is just part of provincial government investing in the province.
“Our government is committed to working with all levels of government to support the local projects that keep Alberta’s communities strong and vibrant.”
This is just the first release of monies from the fund. By 2019, places like Cold Lake could see another influx of money.
Copeland says when it comes to money from the feds, a good gameplan and a little patience can be the guarantee to a few extra dollars for the community.
“You got to look at all the different grants that are being thrown out there. Your write your proposal and then you cross your fingers and hope you get funded.”
Other communities in the Lakeland receiving funding can be found by clicking here.